India Funding Daily: Wegilant, EasyRewardz, Ezetap, GIBSS, Jibo

A daily look at the top startup funding and acquisition news from India.August 07, 2015, 16:00 IST

There is a huge potential for growth in agrochemical sector in India driven by growing awareness among farmers and favourable political impetus to increase farm productivityHere is quick look at some of the top startup funding and acquisition news from India.

Zodius and Atul Nishar invest $20 Mn in former Mahindra group exec's venture Former Mahindra group executive Prashant Kamat has attracted close to $20 million for an engineering services venture he is starting, from IT industry veteran Atul Nishar and Zodius, which is making a name for itself in investing in very early-stage ventures and helping them ramp up quickly. Read more.

Power Mech IPO raises $13 Mn from anchor investors Hyderabad-based power infrastructure service provider Power Mech Projects Ltd has raised Rs 82 crore (approximately $13 million) from anchor investors (domestic and foreign investors) ahead of its proposed initial public offer which opened for subscription on August 7. Read more: VCCircle

Social robot and developers platform Jibo gets $11 Mn funding Social Robot for the home, Jibo has closed $11 million in a series A round from investors including – Acer (Taiwan), Dentsu (Japan), KDDI (Japan), LG Uplus (Korea) and NetPosa (China). Read more: Iamwire